THE chief executive of Royal Bank of Scotland has admitted many bankers were paid too much during the financial boom years and he is now keen to make sure wages are "deserved".
Stephen Hester, who earns £1.2 million but waived his near-£1m bonus for last year, said he was keen for remuneration to be linked to things that are "valuable" in the long term.
Mr Hester, who is meeting RBS customers in Scotland, accepts the controversy over bonuses and pay packages in the financial sector is unlikely to go away.
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